|
Lecturer(s)
|
|
|
|
Course content
|
1. Capitalism and democracy: Affluence, inequality, and the environment 2. Social interactions and economic outcomes 3. Public policy for fairness and efficiency 4. Work, wellbeing, and scarcity 5. Institutions, power, and inequality 6. The firm: Employees, managers, and owners 7. Firms and markets for goods and services 8. The credit market: Borrowers, lenders, and the rate of interest 9. Market successes and failures 10. Governments and markets in a democratic society
|
|
Learning activities and teaching methods
|
Monologic Lecture(Interpretation, Training), Dialogic Lecture (Discussion, Dialog, Brainstorming), Work with Text (with Book, Textbook), Methods of Written Work
- Homework for Teaching
- 25 hours per semester
- Attendace
- 25 hours per semester
- Preparation for the Exam
- 25 hours per semester
|
|
Learning outcomes
|
The main objective of this course is to introduce students to the concepts of economics, society, and public policy, with a focus on basic microeconomic theory. The course primarily covers market mechanisms, types of markets, production factors, and the behavior of households and firms, as well as the concepts of demand and supply. Students will need to understand the concept of market equilibrium and its failures, particularly in relation to externalities and missing markets, along with their consequences. Additionally, the course examines the limitations of markets and governments as economic actors.
Students are well-versed in understanding the functioning of market mechanisms and the behavior of households and firms. Students can define the main failures of market mechanisms and process of the formation of market equilibrium and are able to analyze appropriate solutions. Students are well informed about key economic indicators, the issues surrounding economic growth, and the challenges of economic measurement. Additionally, students will be able to define the main principles of state intervention and deduce relevant conclusions and consequences.
|
|
Prerequisites
|
There are not any special conditions set. Secondary/grammar-school-level knowledge of social sciences will be useful.
|
|
Assessment methods and criteria
|
Written exam, Seminar Work
Final assessment by way of a written exam; a term paper on an assigned topic; active participation in lectures and seminars.
|
|
Recommended literature
|
-
Hudík, M. (2023). O trzích a lidech: Kurz aplikované ekonomie. Praha: Grada.
-
McCloskey, D. (2019). Economical Writing. University of Chicago Press: Third edition.
-
The CORE Econ Team. Economy, Society, and Public Policy. 2019.
|